Sept 3 (Reuters) - Magnetite Mines Ltd MGT.AX :
* GORDON TOLL RESIGNS AS EXECUTIVE CHAIRMAN, DIRECTOR AND CEO
* REFERS TO FRAMEWORK AGREEMENT BETWEEN CO , COFFEE HOUSE GROUP LTD , LODESTONE EQUITIES LTD AND TOLL RESOURCES LTD
* APPOINTS PETER SCHUBERT AS CHAIRMAN
* BOARD WILL UNDERTAKE RESPONSIBILITIES OF CEO UNTIL CANDIDATE IS FOUND
* TERMINATES FRAMEWORK AGREEMENT BETWEEN SAID PARITES